ConocoPhillips (COP)
Summary
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ConocoPhillips (COP) closed at $92.93 in the latest trading session, marking a +1.32% move from the prior day.
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ConocoPhillips Profile
| Oil & Gas E&P Industry | Energy Sector | Mr. Ryan M. Lance CEO | NYSE Exchange | US20825C1045 ISIN |
| United States Country | 10,300 Employees | 14 Feb 2025 Last Dividend | 2 Jun 2005 Last Split | 31 Dec 1981 IPO Date |
Overview
ConocoPhillips stands as a prominent player in the global energy sector, holding a diversified portfolio that extends across various continents including the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and other international territories. Founded in 1917, this esteemed company has its headquarters in Houston, Texas. It specializes in the exploration, production, transportation, and marketing of a wide range of energy products including crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. With a strategic focus on both unconventional plays in North America and conventional assets globally, alongside developments in global LNG and Canadian oil sands, ConocoPhillips is committed to meeting the world's energy demands while fostering sustainability and innovation.
Products and Services
- Crude Oil: As a fundamental component of global energy consumption, ConocoPhillips plays a critical role in extracting, transporting, and marketing crude oil. This includes the utilization of both conventional and unconventional extraction methods to ensure a steady supply to global markets.
- Bitumen: Specializing in the extraction of bitumen from oil sands, particularly in Canada, ConocoPhillips contributes to the production of this heavy crude which, through further processing, becomes a valuable resource for the petroleum industry.
- Natural Gas: This involves the exploration and production of natural gas, a cleaner alternative to other fossil fuels, highlighting ConocoPhillips' commitment to eco-friendly energy practices. The company ensures the efficient transport and distribution of natural gas to cater to both domestic and international demand.
- Liquefied Natural Gas (LNG): Through the development and operation of global LNG projects, ConocoPhillips addresses the growing demand for flexible and cleaner energy options, demonstrating its capability in handling this complex value chain from production to marketing.
- Natural Gas Liquids: The company is also involved in the production and marketing of natural gas liquids (NGLs), which are essential for various sectors including the petrochemical industry, highlighting the versatility of its product range.
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